Ron Paul

The monetary system is used to finance welfare for rich and poor, and for fighting unpopular wars. If the people knew the real costs of the welfare-warfare state, they would rebel. But during the boom phase of the business cycle, there seem to be no real costs due to the artificial increase of value of houses and stocks. Then the bubble bursts and the truth becomes known: the

Then the bubble bursts and the truth becomes known: the prosperity was based on a fiction.

The cycle is continuous. At first personal liberty is nibbled away at, but the appearance of prosperity continues. Later on, the worse the crisis, the greater is the threat of tyrannical government entirely taking over our lives and the economy

The principle here is that we are expected to accept without question that we should welcome government action that destroys liberty to save it. It is precisely this idea that urges us to accept the destruction of the dollar in order to save it

When a society is relatively free, such as ours, it is through the use of deficits, taxes, fear, and fiat money that power is solidified. The authoritarians need the central bank for this takeover.

This is true in every government-subsidized program, including medicine, banking, education, and agriculture. Fiat money looks like a panacea. The results are tragic: poverty and chaos ultimately ensue, and powerful special interests demand a bailout from the victims